Interest is major not fee

来源: _学无止境 于 2014-11-16 10:30:02 [] [博客] [旧帖] [给我悄悄话] 本文已被阅读： 0 次 (231 bytes)
回答: 摇什么钱？花儿街只挣点管理费。 由 相对强度 于 2014-11-16 10:07:59
They lend the fund a loan at high interest to buy the other 2X. Then they start to collect interest. When fund value goes down, the interest portion rises. So banks are the winners and others just transfer their money to the banks.

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• I see. Thanks! -相对强度- ♂ 给 相对强度 发送悄悄话 (0 bytes) () 11/16/2014 postreply 10:42:34

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